News articles about Trinity Industries (NYSE:TRN) have been trending somewhat positive this week, according to Accern Sentiment. The research group identifies negative and positive press coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Trinity Industries earned a media sentiment score of 0.12 on Accern’s scale. Accern also assigned news coverage about the transportation company an impact score of 45.1080352774676 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Here are some of the news articles that may have effected Accern Sentiment’s rankings:
- Notable Volatile Movements: Deutsche Bank Aktiengesellschaft, (NYSE: DB), Duke Realty Corporation, (NYSE: DRE … – Stocks In The News (press release) (tradingnewsnow.com)
- Earnings Review and Free Research Report: Trinity Reported Better Than Expected Results (finance.yahoo.com)
- Insider Buying: Trinity Industries, Inc. (TRN) Major Shareholder Buys 125,000 Shares of Stock (americanbankingnews.com)
- Insider Buying: Trinity Industries, Inc. (TRN) Major Shareholder Acquires 425,000 Shares of Stock (americanbankingnews.com)
- Trinity Industries (TRN) Says Fifth Circuit Denies Petition for … – StreetInsider.com (streetinsider.com)
A number of equities research analysts have issued reports on the company. Axiom Securities reissued a “sell” rating on shares of Trinity Industries in a research report on Wednesday, July 26th. Citigroup Inc. raised Trinity Industries from a “neutral” rating to a “buy” rating and lowered their price target for the company from $45.00 to $36.00 in a research report on Friday, September 29th. Zacks Investment Research downgraded Trinity Industries from a “buy” rating to a “hold” rating in a research report on Wednesday, October 18th. Susquehanna Bancshares Inc raised Trinity Industries from a “neutral” rating to a “positive” rating in a research report on Monday, November 6th. Finally, ValuEngine downgraded Trinity Industries from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and eight have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $34.13.
Shares of Trinity Industries (TRN) traded up $0.07 during midday trading on Monday, hitting $33.70. The stock had a trading volume of 687,998 shares, compared to its average volume of 1,285,764. Trinity Industries has a 52 week low of $25.01 and a 52 week high of $35.97. The company has a debt-to-equity ratio of 0.75, a current ratio of 3.70 and a quick ratio of 2.62. The stock has a market capitalization of $5,100.00, a P/E ratio of 22.42, a price-to-earnings-growth ratio of 2.26 and a beta of 2.25.
Trinity Industries (NYSE:TRN) last issued its earnings results on Wednesday, October 25th. The transportation company reported $0.43 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.32 by $0.11. Trinity Industries had a return on equity of 5.32% and a net margin of 5.97%. The company had revenue of $973.60 million during the quarter, compared to the consensus estimate of $951.60 million. During the same quarter in the prior year, the business earned $0.55 earnings per share. The company’s revenue was down 12.4% compared to the same quarter last year. sell-side analysts expect that Trinity Industries will post 1.49 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 31st. Investors of record on Friday, October 13th were paid a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 1.54%. The ex-dividend date of this dividend was Thursday, October 12th. Trinity Industries’s dividend payout ratio (DPR) is 34.67%.
In other Trinity Industries news, major shareholder Holdings L.P. Valueact purchased 300,000 shares of the business’s stock in a transaction that occurred on Thursday, October 26th. The shares were acquired at an average price of $31.45 per share, for a total transaction of $9,435,000.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Valueact Capital Master Fund, purchased 425,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 15th. The stock was acquired at an average price of $32.88 per share, for a total transaction of $13,974,000.00. The disclosure for this purchase can be found here. In the last quarter, insiders purchased 2,405,333 shares of company stock worth $74,536,575. Insiders own 2.00% of the company’s stock.
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Trinity Industries Company Profile
Trinity Industries, Inc is a diversified industrial company that owns businesses providing products and services to the energy, chemical, agriculture, transportation and construction sectors. The Company’s products and services include railcars and railcar parts; parts and steel components; the leasing, management and maintenance of railcars; highway products; construction aggregates; inland barges; structural wind towers; steel utility structures; storage and distribution containers, and trench shields and shoring products.
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